Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Union County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,832 | $130,696 | $242,182 |
| Price Trend (Annual %) | 0.1% | 6.8% | 8.2% |
| Median Gross Rent | $1,187 | $987 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Union County is about 82% lower than in Ohio. Rent is about 20% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Union County, up about 0.1% and 5.3% a year respectively. Rent is changing faster.
Median rent in Union County rose about 47.5% between 2015 and 2023, from $805 to $1,187. Over the same span, rent in Ohio rose about 35.4%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Union County.
Buying the median-priced home in Union County costs roughly 1.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Union County. The price-to-rent ratio in Ohio is about 11.0.
| Metric | Union County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,832 | $130,696 | $242,182 |
| Median Household Income | $108,888 | $69,785 | $78,145 |
| Price-to-Income Ratio | 0.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Union County fell about 70.0%, while median household income rose about 60.0% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Union County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.7% | 61.4% | 58.2% |
| Rental Rate | 20.0% | 30.2% | 31.3% |
| Vacancy Rate | 3.3% | 8.4% | 10.6% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Union County has a homeownership rate of 76.7%, higher than the Ohio average of 61.4%. Its housing vacancy rate is 3.3%, compared with 8.4% in Ohio.
Housing Stock
| Metric | Union County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1989 | 1970 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Union County was built around 1989. On average, 2.7 people live in a home with about 6.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Union County, Ohio.
What is the median home price in Union County, Ohio?
The median home price in Union County, Ohio is $23,832, lower than the Ohio average of $130,696.
What is the average home price in Union County, Ohio?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Union County, Ohio?
The median gross rent in Union County, Ohio is $1,187 per month, higher than the Ohio average of $987.
What was the median gross rent in Union County in 2020?
In 2020, the median gross rent in Union County, Ohio was $980 per month.
What is the price-to-rent ratio in Union County, Ohio?
The price-to-rent ratio in Union County, Ohio is about 1.7, meaning it would take roughly 1.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Union County.
Are home prices or rent rising faster in Union County, Ohio?
Both home prices and rent are rising in Union County, up about 0.1% and 5.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Union County, Ohio?
76.7% of households in Union County, Ohio own their home, higher than the Ohio average of 61.4%.
What is the vacancy rate in Union County, Ohio?
The housing vacancy rate in Union County, Ohio is 3.3%, lower than the Ohio average of 8.4%.